Sentiment around Bitcoin and the crypto market remains clearly defensive today. The Fear & Greed Index has fallen to 28, compared with 35 a week ago and 57 a month ago.
The market has therefore shifted from neutrality to fear in just a few weeks. BTC is currently trading around $74,600, down 2.5% over 7 days and 10.3% over 30 days.
But Bitcoin remains the crypto market’s relative safe haven. Its dominance has reached 60.26%, while the Altcoin Season Index stands at 38. Ethereum and altcoins are underperforming, showing that capital is concentrating more heavily in BTC rather than taking risks on more speculative assets.
This rise in dominance does not necessarily mean buyers are returning in force, but rather that altcoins are weaker.
In 24 hours, nearly $259 million worth of positions were liquidated, including $163.93 million in long positions. Ethereum is trading around $2,116, Solana is down, and XRP is showing slight resilience.
In other words, investors do not yet seem ready to take on significant risks again. Confidence remains fragile, and buyers still have to prove themselves.
It is also important to look at what is happening outside the crypto market. Uncertainty around artificial intelligence, concerns about Nvidia, tensions between Washington and Tehran, and the political consequences of the U.S. elections continue to influence financial markets.
Outflows from Bitcoin ETFs are adding further pressure. In this context, Bitcoin remains particularly sensitive to Wall Street movements and the decisions of institutional investors.
Bad economic or geopolitical news could quickly trigger another wave of selling.
Personally, I remain cautious. The $73,000 $ level is an important one to watch, while $77,000$ represents resistance that needs to be reclaimed.
The market has therefore shifted from neutrality to fear in just a few weeks. BTC is currently trading around $74,600, down 2.5% over 7 days and 10.3% over 30 days.
But Bitcoin remains the crypto market’s relative safe haven. Its dominance has reached 60.26%, while the Altcoin Season Index stands at 38. Ethereum and altcoins are underperforming, showing that capital is concentrating more heavily in BTC rather than taking risks on more speculative assets.
This rise in dominance does not necessarily mean buyers are returning in force, but rather that altcoins are weaker.
In 24 hours, nearly $259 million worth of positions were liquidated, including $163.93 million in long positions. Ethereum is trading around $2,116, Solana is down, and XRP is showing slight resilience.
In other words, investors do not yet seem ready to take on significant risks again. Confidence remains fragile, and buyers still have to prove themselves.
It is also important to look at what is happening outside the crypto market. Uncertainty around artificial intelligence, concerns about Nvidia, tensions between Washington and Tehran, and the political consequences of the U.S. elections continue to influence financial markets.
Outflows from Bitcoin ETFs are adding further pressure. In this context, Bitcoin remains particularly sensitive to Wall Street movements and the decisions of institutional investors.
Bad economic or geopolitical news could quickly trigger another wave of selling.
Personally, I remain cautious. The $73,000 $ level is an important one to watch, while $77,000$ represents resistance that needs to be reclaimed.
